StockCall.com Provides Stock Research on Melco Crown Entertainment Ltd., Carnival Corp. Royal Caribbean Cruises Ltd., and Boyd Gaming Corp.
New York City, New York -- (May 24, 2013)
The economic recession in the U.S. post the financial crisis had a negative impact on resorts & casino operators. The slowdown in the world’s largest economy prompted several resort & casinos operators to explore other markets such as Macau. However, economic outlook in the U.S. has been improving since the start of this year. A last-minute fiscal cliff deal at the start of this year ended a great deal of uncertainty. What is more, the labor market in the U.S. is continuing to show signs of improvement. These trends should benefit resort & casino operators. On Thursday, May 23, 2013, shares in resort & casino operators ended mostly lower, tracking losses in the broad market, which slipped following the release of minutes of Federal Reserve’s most recent FOMC and some disappointing economic data from China. The major movers in the sector included Melco Crown Entertainment Ltd. (ADR) (NASDAQ: MPEL), Carnival Corporation (NYSE: CCL), Royal Caribbean Cruises Ltd. (NYSE: RCL), and Boyd Gaming Corporation (NYSE: BYD). StockCall professionals have completed their technical analysis on MPEL, CCL, RCL, and BYD and these free reports are accessible by registering at
Shares in Melco Crown Entertainment Ltd. tumbled on Thursday, closing 4.71% lower at $23.26 after trading between $22.31 and $23.81 on volume of 6.94 million shares which is nearly double the daily average volume of 3.53 million. However, despite the sharp pullback, the company’s shares are currently trading close to their 52-week high of $25.15. So far this year, the stock has gained over 38.10%, outperforming the S&P 500. The stock is still trading above its 50- and 200-day moving averages. Sign up for the free technical research on MPEL at
Carnival Corporation’s stock finished slightly lower yesterday. The stock hit an intraday low of $32.51 before finishing the day 0.15% lower at $32.99. A total of 6.35 million shares were traded, which is well above the daily average volume of 4.68 million. The company’s shares have fallen 6.60% in the last three sessions. The stock has slipped below its 50-day moving average as a result of the recent sell-off. So far this year, the stock is down nearly 9.70%, underperforming the S&P 500. Be sure to read our latest technical research on CCL by registering at
Shares in Royal Caribbean Cruises Ltd. slipped on Thursday, extending their losses from previous trading sessions. The stock closed 0.39% lower at $36.04 after trading between $35.55 and $36.28. A total of 1.42 million shares were traded, which is below the daily average volume of 2.08 million. The company’s shares have now fallen nearly 4.70% in the last three sessions. The stock is now trading close to $35.50 support level. It is still trading above its 50- and 200-day moving averages. Sign up and read the complimentary report on RCL at
Boyd Gaming Corporation stock rose sharply yesterday even as the broader market came under pressure. The stock hit an intraday high of $12.95 before finishing the day 1.92% higher at $12.75. A total of 1.94 million shares were traded, which is well below the daily average volume of 3.44 million. However, despite the gains, the company’s shares have fallen over 3.10% in the last three sessions. So far this year, the stock has gained over 92%, outperforming the S&P 500. The free report on BYD can be downloaded by signing up now at
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